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Trade liberalization is the engine of economic growth .

贸易自由化是经济增长的发动机。

Politics are partly to blame for stalling the liberalization drive .

政治形势是阻碍自由化进程的原因之一。

Meaningful financial reform would include the liberalization of those interest rates .

有效的金融改革应该包括那些利率自由化在内。

Waves of liberalization have often been followed by periods of inaction .

自由化的冲击波之后往往跟随着一段时间的无所作为。

But few countries have avoided crises after financial liberalization and global integration .

但几乎没有哪个国家能够在金融自由化和全球一体化之后避开危机。